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can be averted. if democrats and republicans can come to an agreement on the big fight that's been, frankly, smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down, comes down to the wire, we are now inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2nd but this does mean we have until august 2nd before we lose our national credit have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and becaus
is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
's big three credit rating agencies, warned it might have to lower the country's top notch credit rating if lawmakers don't come it an agreement soon on raising the debt ceiling. this a starnlgts moodeddy's said its action was prompted by the possibility that the debt limit will not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of a short-lived default. economists say if the aaa rating is lowered, it would throw the financial markets in to chaos and the cost of were rowing would go up for everything from mortgages to car loans. federal reserve chairman ben bernanke warned -- >> i think the worst outcome is that at some point, you know, we default on the debt and that would creates a i said before a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headeded in to wednesday's meet which go all sides have described as very tense. republican majority leader eric cantor quoted the president as saying, i have reached the point where i say enough. would ronald reagan be sitting here? i've reached my li
of doing something big to change america's unsustainable economic path. what do you think? do that you think that opportunity is lost? >> well, a week is a long time in politics. it can be a lifetime, as you know. i think the big deal, the grand deal, the grand bargain of $4 trillion over four years is dead, it's gone. i think the chances of getting a deal at 2.5 are 2. the middle double deal, very unlikely, because the president does not want to go that high without tax increases and republicans are not going to do it. here's the question that is coming out. and that s. the house republicans are now pushing a very, very tough deal through the house. the -- over on the senate side, the republicans are working to get a version of the mcconnell plan. and the president will accept that as he said in his news conference on friday. but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1
know they are all big boys. and i suspect that speaker boehner in a few minutes. again, can you see what we are waiting on, speaker boehner, we believe within minutes is going to come before cameras and microphones there in the pressroom in the house and give his response to the president's comments. i know they are big boys but the president did go after republicans, especially house republicans. and especially house tea party republicans in this session. does that make it harder to deal or do they just sort of -- >> yeah, probably. but i mean the president has been doing this all along. he did it more forcefully today than he has in the past. remember when he gave the speech at george washington university paul ryan who had pointed out a budget and risks about these things and the president went after him about it it's not the first time. i suspect it's not going to be the last. boehner has a difficult job but simple task. he needs to show up at 11:00 a.m. tomorrow morning that something that house republicans, 218 of them can agree on them. something that's long overdue. i was re
street is worried about washington. late wednesday moody's one of the big three credit rating agencies warning it might have to lower the rating if lawmakers don't come to an agreement on raising the debt ceiling. in the statement it said the action was prompted by the possibility that the debt limit woil not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of ashort-lived default. economists say if the aaa rating is lowered it will throw the financial markets into chaos and the cost of borrowing would go up to everything from morlts to car loans. ben bernanke warned. >> i think the worst outcome if we don't raise the limit, at some point we default on debt and that would create as i said before, a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headed into wednesday meeting which all sides describe as tense. republican majority leader eric cantor cited the president as saying i have reached my limit. he left saying i'll see you tomorrow. the two sides couldn't even agree about what happened in
on this planet as we know it today. that is a very big deal. chris stirewalt joins me, fox news digital politics editor, i should say. so, chris, how long do we have on the planet, life as we know it? what's your take? >> i'm not buying anymore green bananas. [laughter] it sounds like we're headed into real trouble, doesn't it? martha: it sure does. >> well, look, the speaker -- the former speaker, pelosi, now the minority leader in the house demonstrates that before you get to the end on something like this, everybody has to say something totally over the top, and now she's taking her turn. the truth of the matter is we're probably closer now to a deal and closer now to a bipartisan resolution than we ever have been because as house republicans start to saddle up behind john boehner's plan getting over their grumbling about the fact that it doesn't give them everything that they want, it brings us closer to the final vehicle which will get republican and democratic support in the senate and move us on to an increase in the debt ceiling and some kind of a deal. martha: yeah. you know, there are
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
't get licensing for all sorts of things like fishing and what not be, and it's a big recreational state. it cost the state millions in be lost revenue from lottery sales, tax audits, park fees and licensing fees, so on and so forth, but now they can go ahead. some state officials now saying, though, it may take some time to get programs back up and running so they can be moneymakers again for the state. and those 22,000 state employees can go back to work, but it's kind of a phase-in situation. so the big headline in all of this is the longest-running state shutdown in a decade in this country now has come to a close with the governor making an agreement with leading republicans in the state of minnesota. now back to you guys. jenna: hi, everybody, so glad you're joining us today, i'm jenna lee. jon: and i'm jon scott. we are here in the fox newsroom and "happening now," brand new numbers in the race for the white house. "the wall street journal" poll shows tea party favorite michele bachmann is surging. jenna: she's not the national leader, though, that title goes to mitt romney. jon:
the world cup final. >> big victory to talk about. >> that's it for us. "cnn newsroom" begins right now with kyra phillips. you have a busy morning. >> we do. a lot to talk about. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> the nation's debt crisis. the clock ticks and pressure builds. the president tells the congressional leaders you have 24 hours or less to make something has been. >>> a top murdoch executive resigns this morning. rebekah brooks former head of the disgraced tabloid "news of the world" is gone. >>> in southern california, drivers buckling up for carmagedd carmageddon. a bridge demolition that will close down 405, one of california's busiest highways. >>> we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in the united states. lawmakers dema
is a big question and when we should be jumping to conclusions about. >> giuliani is also a longtime friend of rupert murdoch. >>> now the nation's debt crisis and a new deadline. forget august 2nd. the president says it's decision time now. here is what he told congress. you've got 24 hours or less to move forward on a deal. and then there is this dire message from the big three global credit ratings agencies. if a deal isn't reached soon, they will downgrade the nation's credit standing. the president speaks to the american public today. a news conference less than two hours away from now. 11:00 eastern. we will carry it live. >>> let's get to the white house and dan lothian. what do we expect the president on say come 11:00? >> reporter: well, a senior administration official telling me the president will be explaining to the american people where they really are in this process, what he has asked congressional leaders to do, and how he is still pushing for the biggest deal possible. another white house aide telling me the president will continue in that press conference to make the case
shows how big this struggle is right now. >> it's adding fodder, too, for the comedians. take a listen. >> our government is days away from being broke. congress' latest plan is to see how much cash they can get for john mccain on antiques road show. 33 soldiers from the mexican army were allowed to return to mexico yesterday after they accidently crossed the border into america. did you hear about that some heart. think about it. things have gotten so bad in in country that people are only crossing the border now by accident. according to a recent survey, this year kids are receiving an average of 40 cents less under their pillows from the tooth fairy. enmake believe people are feeling the pinch. >> i don't know, he tried, don't you think? >> i tell you, this crisis is giving late night com he cans a lot of fuel, but unfortunately, it's not a laughing matter. so hopefully something will happen this weekend. >> all right, we'll be paying close attention. all the comedians, as well. >>> a new report now mentions that there is one american company with more money on hand than the governm
. the big question, though, is for the prosecution team, what did they do potentially wrong here, because they were certainly very confident in their case. here is lamar lawson. >> we're disappointed with the verdict today and surprised, because we know the facts, and we put in absolutely every piece of evidence that existed. our attorney did an exemplary job. i'm proud of them and i stand by their work. i never, ever criticize a jury. theirs is the task of deciding what to believe. >> reporter: the prosecutor also said that what really hampered the case was the frequent that -- fact that the decomposition, the six months it took to find caylee's remains, really hampered the prosecution because they lost so much crime scene evidence, fingerprints, perhaps they may have found on the duct tape and the laundry bag, phil. -- bill. bill: fel keating, thank you. alisyn has more. alisyn: we need to talk more about these jurors. they left immediately after the reading. remember this was after six weeks of being sequestered and finish of -- none of them wanted to talk about their momentous decisio
found this really interesting. many people say that suggests these online pharmacist could be a big factor in the prescription drug problem overall. for one second i want to show you some numbers as to how big a number we're talking about here. . according to the national institute on drug abuse about 7 million people using prescription drugs for non-medical reason. in 2009 ant 3% of the population. nearly one in 12 high school seniors report non-medical use of vicodin. one in 20 say they used oxycontin. what's interesting, drew, is that 59% of those high school seniors also say they got the drugs from a friend or a relative. which brings up another question. as you've been pointing out in your reports, it's so easy to buy these drugs online. but if the pharmacies start to shut down, can people get term from their family or friends pretty easily? >> they certainly will. but i think it's the proliferation of the ease of getting these drugs. and even people who want these drugs, let's say a doctor predescribes them. but the prescription runs out. they're addicted. they want to keep it
is under -- is protecting him? it was, you know, one big family living in the projects like this. >> john shea, now a changed man, once ran bulger's multimillion dollar operation. he served 12 years in prison rather than break southie's code of silence. >> whitey being a rat? stevie being a rat? and this is what i took an oath to? an oath of honor. it was heartbreaking. >> documents show fbi agent connelly continued to feed bulger secret information, at times with deadly results. >> bulger got charged with a crime, he could no longer be an informant. >> attorney bill christie represents families of several of bulger's alleged victims, including the family of billy halloran, a drug dealer who cut a deal with the fbi, only to be gunned down as he left a popular boston restaurant. according to testimony at a civil trial, fbi agent connelly told bulger where to find halloran. >> bulger cornered him and shot him 22 times, starting from the leg up to his torso, up to his chest. 22 times with no head shot. so he inflicted as much pain as he could, and also did it in a fashion to make sure that h
sticking point is this issue of raising the debt limit, large enough, big enough, so that it gets us through 2012, gets us into the spring of 2013. right now, of course, the boehner bill and what republicans were supporting would have this debt limit come to another vote in the next -- >> at this point in time -- >> harry reid wants to do is simply figure out a way to satisfy the second round of deficit reduction, create a stronger trigger potentially, whatever he can come to, to get more republicans to support his way in order to get this debt limit passed 2012. i think he's going to come to an agreement. the question is, how big of an agreement is it? is it an agreement that barely gets the eight republicans he wants? or does it get 20 republicans and sends a strong, bipartisan message to make sure this thing doesn't get gummed up again in the house. >> does he have a dance partner in terms of a republican willing to negotiate? >> reporter: he's got a few dance partners potentially, but right now he's not working very well with mitch mcconnell. that's not clear. but don't be surpri
superiors. >> the lieutenant made a big joke out of it and told the rest of the squad that if i went over to the lieutenant's house and cleaned out the lint trap in his dryer, we could probably clear out all the cases in the city of atlanta. >> still, buffington sent the fibers to the state crime laboratory. a young forensic scientists, larry peterson, took a look. why was a fiber that was stuck in the crack of a shoe, why was that important? >> because it was somewhat loosely there. people normally don't have tufts of carpet fibers stuck loosely in their shoe. >> from those few thin threads, peterson would begin to build a case to try to catch a killer. how many fibers across the board did you look at every day in this case, when the case really started getting busy? 100? 500? 1,000? >> literally there's going to be hundreds if not thousands of fibers there, depending upon the case. >> in the spring of 1980, no one wanted to believe a serial killer was loose in the city, even when bob buffington spotted a disturbing pattern. >> there had been a sharp increase in the number of children un
want to start living on your post retirement budget so when you retire, it won't be such a big shock to you. >> and then folks think golden years. they don't want to work. they kind have want to make time for all the things that are fun or they've been longing to do but you say you need to work into the equation, will you be working? >> absolutely. a great point. we have to be realistic about what's going on right now. a lot of seniors have lost a lot of money due to the recession we came out of. many americans will have to work during their retirlt years. basically the best thing to do before you retire, is to sit down with your company and say i don't want to retire. i want to work two or three or five more years. i continue to add value to this company. if she say no, maybe you can try part time or a consultant basis. you don't want to outlive your money. that's the wrong thing to do. if you need to work, it's okay. nothing wrong with continuing to workful? maybe you need a little consultation on how to manage your money. >> absolutely. if you can find yourself a cpa or a financia
, but never quite so close to default. since we've been accumulating a big national debt, congress has raised the debt ceiling just 78 times. since 1960 alone. since the nation's debt reached the $1 trillion mark in the early 1980s, look at how government borrowing has skyrocketed. climbing really at an ex exponential rate. how is $14 trillion in relation to how big the economy is. it's about 95% of the size of the whole economy. we're fast approaching rates not seen since way back in world war ii and the great depression. when the size of the debt limit and the national debt was actually bigger than our gdp. this is what economists call a debt crisis. america runs by borrowing money. right now, 38 cents is borrowed money. if the debt kreeling is not raised in time, the u.s. could default on some of the payments. that's the last thing we need, recovering from a recession. >> fomdominique strauss-kahn ma face new sexual assault charges even though the case in new york is falling apart. [ male announcer ] to the seekers of things which are one of a kind. the authentic, the rare, the hard to def
? the only response we got was, "she's safe." >> reporter: anthony's safety has been a big concern to those around her. her attorneys say she's gotten death threats. she's been vilified online. even at the sight where little caylee's remains were found, there was anger mixed in with the mourning today. >> to remember the crime that someone is yet to pay for. >> reporter: that anger may leave anthony paying in other ways. for high security. though she left the jail with just $537.68 from her commissary account. some say a paid interview, movie or book deal may not be far behind. for now, out of sight, but perhaps unlikely to stay out of the spotlight for long. >> i'm just ready for it all to end. i would like to see something else on my television. >> reporter: of course, there are others who can't wait to get their first glimpse of casey anthony in her new life. tonight, lester, no one is saying where she's spending her first full day of freedom. >> kristen, thank you. >>> you didn't have to be a soccer fan or even fully understand the game to be caught up in the drama that took place a sho
the times plant as you approach bladensburg road. and on the rails, big delay. this is on the marc. brunswick east, train number 890, your delay is 21 minutes. i'll be back in ten minutes with another update. back to you, joe and aaron. >> danella, thank you. >>> new from overnight, holy cross hospital is fully operational now after a fire caused evacuations there. montgomery county fire investigators tell us that a heating and air conditioning unit outside the building caught fire around 11:15 last night. smoke got inside the third floor, which includes the maternity ward. hospital staff moved some patients to another part of the building while fire crews put out the flames. fire crews say no patients were in any danger. >>> the august 2nd deadline is many looin looming, and there is still no debt limit compromise. president obama will hold another press conference to update the nation on his efforts to increase the limit. melissa mollet with more on what the president is expected to say. >> that news conference is scheduled at 11:00 this morning. this comes amid new hope a deal c
, very big story today. suffocating air is moving in today. wjz found a woman on st. paul street, using an umbrella trying to keep today's heat at bay on university parkway. the high temperatures were not enough to keep work crews from making repairs. work goes on there. in northwest baltimore, you can see the heat coming off the road as temperatures climb into the 90s. and you know what? the worst of the heat is yet to come. bob turk is here with updated numbers from first warning weather. >> i think you're going to find tomorrow, much, much worse than it has been. >>> we're only at 92. yesterday, we did get up to humid 92. the dew point is way up there again at 72 degrees. when you combine those two, makes you feel like 101 degrees outside. easton just jumped up to 110. the heat index. ocean city at 92. and oakland, 83. because of these high temperatures and high dew points tomorrow, we do have an excessive heat warning. it means heat indexes tomorrow could be between 105 and once again, 110 degrees over a wide, wide area. so please, tomorrow, take it easy. you don't have to be outsid
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's a senate president? fbi is protecting him. it was one big family living in the projects like this. >> reporter: john shay, now a changed man, once ran bulge jer's multimillion drug operation. >> growing up here he had to be tough. >> reporter: he served 12 years in prison rather than break southy's code of silence. >> whitey being a rat, stevie being a rat and this is what i took an oath to? an oath of honor? it was heartbreaking. >> reporter: documents show fbi agent conley continued to feed bulger secret information, at times with deadly results. >> bulger got charged with a crime, then he could no longer be an informant. >> reporter: attorney bill kristy represents families of several of bulger's alleged victims including billy hal lore ran's family, a drug dealer who cut a deal with the fbi, only to be gunned down as he left a popular boston restaurant. according to testimony at a civil trial fbi agent conley told bulger where to find halloran. >> bulger cornered him and shot him 22 times starting with the leg up to his torso to his chest. 22 times with no head shot. so he inf
problem. >> i could go on and on. tom says the fault lies with the system that allows big money, party loyalty and special interests to decide who gets elected. how we started moving down this path. >> very thoughtful responses from all of you. thank you very much. that's it for us. we'll be back tomorrow morning at 6:00 am eastern. >> cnn newsroom with kyra phillips starts right now. hi, kyra. >> hi, guys. good morning. >>> two breaking news stories this morning. first of all, the nfl, it looks like, they might have come together on a deal here. is reporting that the players and the owners have agreed on something that will end the lockout. we're following it right now. we're just getting the information in. that means that the players vote will happen later today in more of a formal setting. training camp could start as early as wednesday now, we've been told. david mattingly has been following this for us. he has been live out of atlanta every day, at least he was last week when those negotiations were taking place. david, did you just get word that something came forward ju
that a big deal is hard to get. he seemed open to whatever republicans might be discussing up there on the hill. the president saying that if they have something that is a serious plan and they bring it to him, then he might be willing to move on it, even if it requires making some tough decision. the president was also asked about the so-called mcconnell plan which would raise the debt limit in three different increements through the end of 2012. here's what the president had to say about that. >> if washington operates as usual and can't get anything done, let's at least avert armageddon. >> reporter: so you avert armageddon because it takes care of problem number one, which is essentially raising the debt ceiling, but it doesn't take care of problem two, which is making any significant reductions in the deficit issue and the debt problem. so it does appear, at least based on what the president was saying, that he will at least be open to something that will prevent the u.s. from going into default and resulting in higher interest rates for all americans, which the president
? >> everything. >> you tell me. >> it has everything to do with it? >> tell me. >> i big part of the conversation when i talked to your lawyers was -- could wayne williams grab somebody? did he have the strength? he's not a big guy, could he grab someone in a unarmed combat technique and kill them? and your attorneys would say -- you met him. he's not a big guy so if you're telling me yes, i was trained by the cia which is what the document says, in a nut shell, on weekends when i was a teenager and i'm trained in the chokehold technique, that's one thing. but you're telling me no, that never happened but you write a long fantasy about being trained from the cia in weaponry and the chokehold technique? that's takes it in a whole other direction. remember, doctors said at least two of the victims and perhaps more, were probably killed by chokeholds. >> do you know how to kill someone with a chokehold? that's a straight forward question. my answer would be, no, sir, no, sir, i do not know. what's your answer to that? >> let me say something? >> that's a yes or no? >> no, it's not. >> not until the
Search Results 0 to 49 of about 54 (some duplicates have been removed)